Enthusiast Gaming Holdings Inc. USA (ENGMF) CA (EGLX)

With 300 Million Avid Gamers A Month, Enthusiast Gaming Holdings is Ready To Revolutionize And to Grow

News Update:
Power-up mode: Enthusiast Gaming is racing ahead of e-sports rivals, but can it make money?

Enthusiast Gaming Holdings Inc. USA (ENGMF) CA (EGLX) has built a one of a kind gaming ecosystem where millions of gamers are connecting and engaging every month.

Just today, AllianceGlobalPartners gave the company glowing reviews as a “Top Pick in eSports With Industry Leading Viewership, Revenue Scale and Path to Profitability(14).” Additionally, AllianceGlobalPartners gave the company a price target of approximately C$6.00- an upside of nearly 63.04% from its current price of around $3.68.

  • The video game industry is projected to be worth nearly $257 billion by 2025(1) This shows shocking growth from $151.55 billion in 2019(1) and $138 billion in 2018(2)
  • Over 2.5 billion people in the world are gamers(3)
  • Enthusiast Gaming is capitalizing on these opportunities with 300 million monthly gamers
  • Enthusiast Gaming has strong returns, revenue growth, and technical indicators
  • Enthusiast Gaming has created innovative marketing campaigns and has 500+ of the biggest influencers among Gen Z and Millennials

The world of gaming has reached a golden age of profitability.

In fact, the size alone of the gaming community is a big driver of revenue. Nearly ⅓ of the world’s population of 7.7 billion people are gamers according to Financial Post.(6)

That works out to about 2.5 billion people.

Additionally, a staggering figure shows that up to 43% of all males between the ages of 18 and 34 are gamers.(7)

Gaming revenue has also already eclipsed box office revenue, generating $138 billion of revenue in 2018 and $151.55 billion in 2019.

By 2025, that figure could be up to $257 billion.(1)

In addition, the eSports sector saw revenues reach $1.1 billion in 2019 – with around 82% of that coming from media rights, advertising, and sponsorships.(6)

U.S. News & World Report says, “The global eSports audience is expected to double from 335 million in 2017 to 646 million by 2023, according to Business Insider. Newzoo, a source for games market insights and analytics, projects eSports revenue could hit $1.8 billion by 2022.”(8)

Enthusiast Gaming Holdings Inc. (ENGMF) CA (EGLX) Innovative Operations in Multi-Billion-Dollar Markets

Enthusiast Gaming Holdings Inc. USA (ENGMF) CA (EGLX) is a cutting edge company that has immersed itself in the gaming world. Their one of a kind business model has fostered a community ecosystem where gamers can connect and engage on its websites, YouTube channels, eSports offerings, and expo gaming experiences.

With a global reach of over 300 million monthly gamers, the company is in prime position to grow alongside a market that’s forecasted to balloon from $151.55 billion in 2019 to $260 billion by 2025.(9)

Additionally, Enthusiast Gaming has made waves with their acquisition of Omnia Media for $44 million. This merged platform attracts 4.2B monthly views.(10)

“The addition of Omnia Media positions Enthusiast Gaming as the largest gaming media platform in North America, with more touchpoints to connect gamers to unique content experiences than any other gaming company,” added CEO Adrian Montgomery.(11)

Enthusiast Gaming has also created customized unique advertising, experiential marketing, and influencer campaigns.

Enthusiast Gaming’s campaigns give their brand partners a platform to speak with and engage with over 300 million gamers a month. But these brand partners aren’t just anyone- they are some of the biggest names in gaming and consumer brands. Some of its brand partners include Nintendo, Gillette, G Fuel, Universal Music Group, Global Citizen, Twitch, PlayStation, Amazon Studios, Activision Blizzard, Pizza Hut, Tik Tok, and Party Casino.

“We want to own the ways in which the fans interact,” Enthusiast Gaming CEO Adrian Montgomery has said.

Investors Also Love Enthusiast Gaming’s USA (ENGMF) CA (EGLX) Competitive Advantage

The second a gamer puts down their controller, Enthusiast Gaming Holdings Inc. owns their gaming experience. If a gamer is playing a game such as Call of Duty online with friends, for example, the Enthusiast Gaming experience begins the second the game ends.

With Enthusiast Gaming, millions of gamers are:

  • Reading an article or joining a gaming forum on one of its 100+ unique gaming sites.
  • Watching a YouTube video on one of its 1,000 channels .
  • Watching live streamed content from one of its 500+ influencers across Twitch, YouTube, Twitter, Instagram, and TikTok.
  • Attending a live or virtual event to connect with other gamers. These include custom activations, tournaments, merchandise, and player and celebrity challenges.
  • Gamers can even take part in seven professional eSports teams, gaming experiences with a Call of Duty team, and even the Overwatch league.

As The Gaming World Grows, So Is Enthusiast Gaming

As the gaming world continues to grow, Enthusiast Gaming has seen increasing demand and has become more innovative. Investors can see that by just looking at the company’s chart.

Since the stock bottomed out on March 25 at $1.27, it shot to a high of $2 by August, good for a return of up to 54%. The fact that the stock has now pulled back to an oversold $1.47 makes this opportunity even more exciting – especially when you consider this stock is technically oversold on relative strength (RSI), MACD, and Williams’ %R.

However, the technicals aren’t the only encouraging sign with this stock.

Enthusiast Gaming’s Earnings Are Off the Charts

In the second quarter, total revenue came in at $7 million, as compared to $7.1 million for the first quarter. That still exceeded management guidance, driven by its media division. Gross margins were also up to 46%, as compared to 46% in Q1 2020 and 34% in Q4 2019.(12)

Plus, it’s the largest gaming platform in North America with pro forma annual revenue of over $110 Million. With the acquisition of Omnia Media, the largest network of video-game focused YouTube channels in the world, “This transaction catapulted Enthusiast’s revenue with the combined entity generating $110 million in pro forma revenue in 2019,” as noted by the company.(A)

Viewer engagement increased 35% to 3.1 billion page views across the media platform, as compared to 2.3 billion quarter over quarter. That number could be even higher in the third quarter, given the impact of the pandemic. The company also ended the quarter with a strong cash position of $8.4 million.

Plus, future growth shouldn’t be a problem.

Consider this.

Up to 48% of Enthusiast gamers don’t use Facebook at all.(13)

Instead, they’d rather be on Enthusiast site conversing with friends, or its millions of gamers.

Additionally:

  • Approximately 65% of Enthusiast gamers spend 15+ hours a week playing
  • Approximately 67% of Enthusiast gamers buy more than seven video games a year
  • Approximately 63% of Enthusiast gamers are influenced by online ads to make online purchases

These figures could potentially drive even more growth moving forward.

Key Takeaways on Enthusiast Gaming Holdings Inc. USA (ENGMF) CA (EGLX)

With access to 300 million gamers worldwide, a strong business model, impressive financials, growth, and technicals, Enthusiast Gaming Holdings Inc. is one of the more impressive companies on the market at this moment. As the gaming world grows, the company could potentially expand even further with millions upon millions of gamers at its fingertips. Their management team is also quite impressive, along with their operations, acquisitions, and their always expanding reach.

The Top Reasons Enthusiast Gaming Holdings Inc. USA (ENGMF) CA (EGLX) is an Opportunity to Ride the Wave of 300+ Million Gamers

  1. The pure size of the gaming community alone drives revenue. Nearly ⅓ of the world’s 7.7 billion people are gamers according to Financial Post.
  2. Gaming revenue has already eclipsed box office revenue. The gaming world generated $138 billion of revenue in 2018, and $151.55 billion in 2019. By 2025, that figure could balloon to $260 billion.
  3. Enthusiast Gaming is a smart way to grow with the gaming and eSports Market: As the audience for gaming and eSports continues growing, a company like Enthusiast Gaming is primed to grow long-term as well.
  4. Acquisition of an Industry Leader: Enthusiast Gaming just acquired Omnia Media for $44 million. This merged platform could attract over 4.2 billion monthly clicks.(10) “The addition of Omnia Media positions Enthusiast Gaming as the largest gaming media platform in North America, with more touchpoints to connect gamers to unique content experiences than any other gaming company,” added CEO Adrian Montgomery.
  5. Bullish Technical Indicators: Since the stock bottomed on March 25 at $1.27, it shot up to a high of $2 in August, good for a return of up to 54%. The fact the stock has now pulled back to an oversold $1.47 makes this opportunity even more exciting – especially when you consider this stock is technically oversold on relative strength (RSI), MACD, and Williams’ %R.
  6. Their Latest Earnings Show Solid Growth: In the second quarter, total revenue came in at $7 million, as compared to $7.1 million for the first quarter. That still exceeded management guidance, driven by its media division. Gross margins were also up to 46% compared to 46% in Q1 2020 and 34% in Q4 2019. Viewer engagement increased 35% to 3.1 billion page views across the media platform as well.
Source 1: https://techjury.net/blog/gaming-industry-worth/#gref
Source 2: https://www.investopedia.com/news/booming-esports-industry-hit-138b-2018/
Source 3: https://www.pocketgamer.biz/news/73747/newzoo-number-of-gamers-report-june-2020/
Source 4: https://www.globenewswire.com/news-release/2020/04/16/2017095/0/en/Global-Gaming-Market-to-Witness-a-CAGR-of-12-During-2020-2025-Players-Will-Spend-4-5-Billion-on-Immersive-Gaming-in-2020.html
Source 5: https://www.avgfunds.com/venn-premium-esports-and-gaming-platform/
Source 6: https://financialpost.com/business-trends/enthusiast-gaming-positioned-to-be-the-game-changer-in-expanding-esports-space
Source 7: https://www.enthusiastgaming.com/wp-content/uploads/2020/11/EG-Presentation-October-2020.pdf
Source 8: https://money.usnews.com/investing/stock-market-news/slideshows/stocks-to-capitalize-on-the-esports-boom
Source 9: https://www.enthusiastgaming.com/wp-content/uploads/2020/11/EG-Presentation-October-2020.pdf
Source 10: https://www.theglobeandmail.com/business/article-entertainment-veterans-team-up-to-build-massive-e-sports-platform/
Source 11: https://www.enthusiastgaming.com/enthusiast-gaming-announces-acquisition-of-omnia-media-forming-largest-gaming-media-esports-and-entertainment-platform-in-north-america/
Source 12: https://finance.yahoo.com/news/enthusiast-gaming-reports-strong-second-220000223.html
Source 13: https://www.enthusiastgaming.com/wp-content/uploads/2020/11/EG-Presentation-October-2020.pdf
Source A: https://www.marketscreener.com/quote/stock/ENTHUSIAST-GAMING-HOLDING-65219229/news/Enthusiast-Gaming-Corporate-Update-ndash-Transformational-Acquisition-in-Q3-to-Fuel-Next-Phase-o-31615956/

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